James Wynn’s second $100M Bitcoin bet: ‘They are hunting me’

Multimillionaire cryptocurrency trader James Wynn has opened a second leveraged Bitcoin position for nearly $100 million, just days after being liquidated from a similar trade.

According to blockchain data aggregator Hypurrscan, the position is set to be liquidated if Bitcoin (BTC) falls below $103,630 and is currently showing an unrealized profit of over $592,000.

The trade comes less than a week after Wynn’s previous $100 million position was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000.

James Wynn, Bitcoin long position. Source: HypurrscanWynn’s bet coincides with growing market caution. Bitcoin’s next significant support remains just above $103,000, as market participants remain in “wait-and-see mode” ahead of the release of the key US jobless claims report on June 5, Nexo dispatch editor Stella Zlatareva, told Cointelegraph.

Related: Metaplanet becomes 8th largest Bitcoin holder with $118M buy

Wynn claims market targeting after liquidation

Following news of his second bet, Wynn alleged on X that his liquidation level is being deliberately targeted by major market participants.

“They’re coming for me again,” wrote Wynn, disclosing his $103,640 liquidation level in a June 2 X post, adding:

“Don’t let these evil bastards liquidate me.”

Popular crypto influencer Altcoin Gordon also called out market manipulation after Wynn’s second $100 million bet was initiated.

“Within seconds, the shady market makers dumped the price towards his liquidation price of $104,580,” wrote Gordon in a June 2 X post.

Related: Blockchain Group adds $68M in Bitcoin to corporate treasury

Some traders have started donating to Wynn’s blockchain address to help him fund his leveraged positions.

Source: dethectiveAt least 24 blockchain users sent stablecoins to Wynn’s cryptocurrency address, with the largest donation nearly reaching $8,000, according to data compiled by pseudonymous blockchain sleuth “dethective.”

Wynn previously asked the crypto community for stablecoin donations to “fight the market-making cabal,” promising to reimburse each user, “assuming” that he wins.

He also claimed that some of his personal accounts on cryptocurrency exchanges were “closed overnight” for no obvious reason.

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